Bank of Israel purchased in November was NIS 1.8 billion

The Bank of Israel's foreign exchange reserves reached a new high of almost $ 167 billion at the end of November, according to a report by the Bank. This is an increase of about NIS 6 billion compared to the end of October, against the background of the depreciation of the dollar, when most of the increase - NIS 4.3 billion - is explained by the revaluation of foreign exchange reserves.
The volume of the Bank of Israel's dollar purchases in November was NIS 1.8 billion, and transfers from the private sector were $ 109 million. At the same time, $ 100 million was offset as part of the government's transfers abroad. Since the beginning of the year, the Bank of Israel's foreign exchange reserves have increased by $ 34 billion.
The Bank of Israel also updated that a total of NIS 41.6 billion in government bonds has been purchased so far. The volume of corporate bond purchases has reached NIS 3.5 billion. Most of the purchases were made in October.
As part of the bank lending program at a fixed interest rate of 0.1% for 3 years, which is intended to increase credit to small and medium-sized businesses, so far credit to banks has been granted in the amount of NIS 16.3 billion, as of November.